Mario Draghi is facing down a deflation threat with few options left to fight it.
In October 2010, the world’s top finance ministers and central bankers flew to the South Korean resort town of Gyeongju to discuss how to protect a fragile economic recovery.
When the leader of the Orthodox Church in Cyprus requested financial assistance for the ailing country last week, he turned east, not west.
Economic confidence in the euro area slumped to the lowest in more than 2 1/2 years in June and German unemployment increased more than economists forecast, adding to signs the European economy fell into a recession.
Germany’s economic growth in the second quarter was driven by consumption and a rebound in investment as a recovery in the 17-nation euro area, its biggest trading partner, bolstered confidence.
For the first time in history, the Greeks are following the Irish with the understanding that mythology has no place in the path to redemption.
Greece drew enough bonds to its buyback of sovereign debt to meet a goal that’s crucial to unlocking aid from the International Monetary Fund and European Union, a government official said.
Growth in Europe’s services and manufacturing industries slowed for a second month in June, adding to indications the recovery is losing momentum.
Euro-area consumer confidence improved for a second month in February, adding to signs the region’s economy is stabilizing after contracting in the fourth quarter.
Economic confidence in the euro area increased more than economists forecast in December even as the 17-nation currency bloc remained mired in its second recession in four years.
"Chances of stronger growth in the second half of the year have clearly increased."
- Christoph Weil on Aug 22, 2013